In the News

Yellen to Speak in Philadelphia and Cambridge

Federal Reserve Chairwoman Janet Yellen will speak June 6 before the World Affairs Council of Philadelphia, a Fed spokesman confirmed Monday.

The speech will come three days after the May jobs report, and just over a week before Fed officials convene for a two-day policy meeting to decide whether the economy is healthy enough for another interest-rate increase.

About 31% of economists surveyed by The Wall Street Journal this month said the Fed will raise short-term interest rates at its June 14-15 meeting, while another 31% expected it to wait until September. Another 21% thought the Fed will next move at its July meeting. For the first time since February, June wasn’t the economists’ consensus pick for the next Fed rate increase.

“As Chair of the Federal Reserve, Janet Yellen is skillfully charting the nation's course in unpredictable and sometimes rough economic seas,” according to Radcliffe Institute Dean Cohen in a Harvard Crimson story. “The Radcliffe Medal honors her for extraordinary leadership and her commitment—as our morning panel will explore—building an economy for prosperity and equality.”

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